By implementing and continually refining a comprehensive commitment to quality management, Atlantic Builders has since reduced warranty costs to one-quarter of 1 percent of its annual revenue, a savings of about $2,200 per house. The company also has shaved more than a month off its per-house cycle ...
The specter of families running from foreclosure, leaving their new homes in the middle of the night, haunts the Franklin Township section of Indianapolis, a part of the city where home builders flourished during the boom.
Fact: the population of the U.S. is growing at a faster rate than any country other than China and India. Projection: Between the years 2000 and 2030, the U.S. will need 100 billion square feet of new residential space.
With starts down and cancellations up, builders no longer expect a home run with each new community. Now, they'll settle for base hits, for doubles, and even for walks that finally get that languishing spec house and its shrinking margins off the field. Veterans look at the rookies and shake their h...
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The mood in the home building industry is officially glum. Buyers are playing a waiting game, and inventory isn't moving. Except in the case of that builder around the corner whose homes are being snapped up faster than free NFL tickets on Craig's List. What gives?